Travel Industry’s leading CEOs meet with White House

1 April 2012

CEOs from the nation’s largest travel companies met with senior Administration officials in the White House today to express support for President Obama’s national travel and tourism strategy and urged policies and initiatives that would further economic growth and job creation in the nation’s $1.9 trillion travel industry, which supports 14.4 million U.S. jobs.

“President Obama’s call for a national travel and tourism strategy was one of the most significant developments for our industry in the past decade,” said Roger Dow, president and CEO of the U.S. Travel Association. “The travel industry has the ability – and stands ready – to quickly hire many of the unemployed workers in our country, but to do that we must have policies in place that increase travel to and within the United States. This Administration and most in Congress understand that, and we look forward to bipartisan support for legislation that supports America’s travel industry.”

In January, President Obama issued an Executive Order that called for the expansion of the Visa Waiver Program (VWP) and the establishment of visa and international visitor processing goals. Those goals include an increase of nonimmigrant visa processing capacity by China and Brazil by 40 percent over the coming year and ensuring that 80 percent of nonimmigrant visa applicants are interviewed within three weeks of receipt of application.

“We strongly urge the Administration to work with the House and Senate leadership to schedule a vote on the bipartisan JOLT Act, which expands the Visa Waiver Program and codifies a two-week standard for processing nonimmigrant visas,” said Dow.

VWP countries are the largest source of inbound travel to the United States. In 2011, more than 18 million visitors to the U.S. – nearly two-thirds of all overseas visitors – arrived through the VWP. While here, they spent $69 billion, supported 525,000 American jobs, and generated $13 billion in payroll and $11 billion in government tax revenues. The number of travelers from emerging economies with growing middle classes – such as China, Brazil and India – is projected to grow by 135%, 274% and 50% respectively by 2016 when compared to 2010.

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The CEOs at the White House meeting represent billion-dollar corporations in the travel industry. They were in Washington for the U.S. Travel Association’s CEO Roundtable, a bi-annual meeting to discuss industry issues and national policy initiatives.